AVAX/USD Could Touch $15 Level

Blockchain

On Jul 8, 2023

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The Avalanche price prediction shows that AVAX could set a bullish run if the market can attempt to climb above $15.

Avalanche Prediction Statistics Data:

Avalanche price now – $13.71
Avalanche market cap – $4.7 billion
Avalanche circulating supply – $345.6 million
Avalanche total supply – $432.4 million
Avalanche Coinmarketcap ranking – #17

AVAX/USD Market

Key Levels:

Resistance levels: $17, $18, $19

Support levels: $10, $9, $8

AVAXUSD – Daily Chart

At the moment, AVAX/USD is seen moving toward the resistance level of $15 with a price growth of 7.65%. For the fact that the coin is recording some gain, the Avalanche price may continue to follow the bullish movement within the channel. Therefore, traders can expect the price to continue to rise if the bulls put more pressure on the market.

Avalanche Price Prediction: Avalanche (AVAX) May Head to the Upside

If the Avalanche price slides below the 9-day and 21-day moving averages, the market price could face the lower boundary of the channel. But if the price crosses above the upper boundary of the channel, traders can then expect a bullish continuation toward the upside. Meanwhile, as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, the possible resistance levels could be found at $17, $18, and $19.

However, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, AVAX/USD can still drop below the 9-day and 21-day moving averages, and, a bearish extension could roll the coin to the long-term support at $10, $9, and $8 levels.

When compares with Bitcoin, Avalanche begins to follow the bullish movement but trading above the 9-day and 21-day moving averages. In the case of a cross above the upper boundary of the channel, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Avalanche (AVAX) is trading at 4537 SAT. Therefore, crossing below the moving averages could hit the support at 3600 SAT and below.

Nonetheless, if a bullish move occurs above the channel; buyers can confirm a bull run for the coin. Moreover, the closest resistance lies at 5200 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, suggesting bullish movement.

Avalanche Alternatives

The Avalanche price may remain on the positive side should the 9-day moving average stay above the 21-day moving average. Meanwhile, the technical indicator Relative Strength Index (14) is also confirming the bullish movement as the signal line moves to cross above the 60-level.

Meanwhile, the Wall Street Memes has already a very large and strong community, it has a merch collection of caps, t-shirts, mugs, and sweatshirts, stepping into the world of crypto fashion and giving people the chance to show support for this movement as about $13 million has been raised in the ongoing presale.

Wall Street Memes – Next Big Crypto